RMC No. 108-2016: Informs BIR personnel of the advisory given to Authorized Agent Banks to manually accept “over-the-counter” Withholding Tax returns and payments thereon due to unavailability of eFPS

Summary

RMC No. 108-2016 informs BIR personnel of Bank Bulletin No. 108-2016, which advises Authorized Agent Banks (AABs) to manually accept over-the-counter Withholding Tax returns and payments because eFPS is unavailable.

Key points

1. Returns covered. The returns are BIR Form Nos. 1600, 1601C, 1601E, 1601F, 1602 and 1606. They are filed by eFPS taxpayers for October 2016 withholding tax liabilities.
2. One-day extension. Where the payment deadline is November 10, 2016, AABs accept the returns until the close of banking hours of November 11, 2016, with no penalty for late payment.
3. Who qualifies. The extension applies only to eFPS taxpayers with activated ePayment accounts with the AABs.
4. Penalties still collected. Revenue personnel must collect the appropriate penalties from non-eFPS taxpayers and from eFPS taxpayers without AAB-activated ePayment accounts for late remittance on November 11, 2016.

Who is affected

• eFPS taxpayers with activated ePayment accounts with AABs
• Non-eFPS taxpayers
• BIR personnel

Deadlines and effectivity

• Payment deadline November 10, 2016, extended to close of banking hours of November 11, 2016

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.